Holisol Logistics Raises Capital From Northern Arc Capital

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Holisol, India’s leading E2E tech-enabled supply chain logistics company, today announced that it has raised debt of USD 3.0m from Northern Arc Capital, a leading digital debt platform. This is the fifth round of fundraising for Holisol. The first angel round happened in 2013, raising USD 1.5m from Sundeep Bhandari promoted Data vision Systems Pvt. Ltd. In 2015, Holisol raised USD 10m from CLSA Capital Partners and in 2017, CLSA did a follow-on round of USD 10m followed by USD 2.74m debt from Black Soil in 2019.

Holisol has been consistently witnessing a surge in demand from its customers for its reliable digitized fulfilment services. The new round of fundraising will help fulfil this demand and accelerate its growth further. Holisol’s pan-India presence, Omni-channel capabilities, and ability to resolve the supply-side complexities of its customers are helping it achieve new highs in monthly revenue while maintaining healthy profit margins. Holisol is looking forward to doubling its revenue in the current year on the strength of a strong demand pipeline from its existing and new customers. Its value-proposition of Design-Implement-Manage the end-to-end supply chain is delivering real-world margins and savings for its customers as they can sell more, while at the same time reducing their logistics costs.

The company offers multi-channel fulfilment solutions for B2C & B2B businesses spanning across retail, fashion, lifestyle, FMCG, online marketplaces and auto industries. It also provides integrated packaging, logistics, and returnable solutions to automobile, farm equipment, & heavy engineering businesses. Holisol has a pan-India presence and manages close to one million square feet of fulfilment space spread across 25+ fulfilment centres, 60+ hyperlocal fulfilment centres and 30+ integrated packaging sites.

Northern Arc has been at the forefront of fighting the economic and social impact of the pandemic. It has disbursed over 3,500 crores (~US$ 500mn) over the last financial year to underbanked MSMEs, households, financial institutions, and mid-market corporates.

Commenting on the debt fundraise, Rahul S Dogar, Managing Director & Co-Founder, Holisol Logistics, said: “We are highly enthused of partnership with Northern Arc on our journey to get closer to our mission of setting up 100 FCs and 800 HFCs to create a seamlessly connected logistics super grid by 2025 and enable customer success through our platform”.

Commenting on the transaction, Bama Balakrishnan, COO, Northern Arc said, “Northern Arc is committed to support Mid-market companies in India through customized debt solutions suiting their business requirements. Logistics as a sector has shown tremendous resilience despite significant disruptions on account of COVID-19 and is one of our focus sectors for the Mid Market business. Holisol Logistics acts as an enabler for significant operational efficiencies in the supply chain for various industries and we are delighted to partner with them in their mission to create a tech led platform for multi-dimensional supply chain solutions.”

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